UPDATE: TD Ameritrade Reports Rise In Q4 Profit

TD Ameritrade Holding Corp (NASDAQ: AMTD) reported a rise in its fourth-quarter earnings.

TD Ameritrade's quarterly earnings climbed to $152 million, or $0.27 per share, from $145 million, or $0.25 per share, in the year-ago period. Its revenue fell to $653.4 million, from $656.2 million. However, analysts were expecting earnings of $0.26 per share on revenue of $671.5 million.

TD Ameritrade shares fell 2.16% to close at $16.30 on Friday.